Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that
as of May 31, 2017, the company’s unaudited total assets were
approximately $264.1 million and its unaudited net asset value was
$198.4 million, or $13.63 per share.

As of May 31, 2017, the company was in compliance with its asset
coverage ratios under the Investment Company Act of 1940 (the 1940 Act).
The company’s asset coverage ratio under the 1940 Act with respect to
senior securities representing indebtedness was 407 percent. For more
information on calculation of coverage ratios, please refer to the
company’s most recent applicable prospectus.

Set forth below is a summary of the company’s unaudited preliminary
balance sheet at May 31, 2017 and a summary of its top 10 holdings.

Unaudited preliminary balance sheet

(in Millions)

Per Share

Investments

$

263.5

$

18.10

Cash and Cash Equivalents

0.3

0.02

Other Assets

0.3

0.02

Total Assets

264.1

18.14

Credit Facility Borrowings

64.6

4.44

Other Liabilities

1.1

0.07

Net Assets

$

198.4

$

13.63

14.56 million common shares currently outstanding.

Top 10 holdings (as of May 31, 2017)

Name

Ticker

Market Value(in Millions)

% ofInvestmentSecurities(1)

Pioneer Natural Resources Company

PXD

$

27.2

10.3

%

EOG Resources, Inc.

EOG

18.2

6.9

%

Concho Resources Inc.

CXO

12.5

4.7

%

Diamondback Energy, Inc.

FANG

10.0

3.8

%

Devon Energy Corporation

DVN

8.8

3.3

%

RSP Permian, Inc.

RSPP

8.7

3.3

%

Cimarex Energy Co.

XEC

8.2

3.1

%

Cabot Oil & Gas Corporation

COG

7.9

3.0

%

Newfield Exploration Company

NFX

7.6

2.9

%

Energy Transfer Partners, L.P.

ETP

7.4

2.8

%

Total

$

116.5

44.1

%

(1) Percent of Investments and Cash Equivalents.

About Tortoise Energy Independence Fund, Inc.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) is a
non-diversified, closed-end management investment company that seeks to
obtain a high level of total return with an emphasis on current
distributions. NDP invests primarily in North American energy companies
that engage in the exploration and production of crude oil, condensate,
natural gas and natural gas liquids.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing
in actively managed essential assets investing including the energy
value chain. As of April 30, 2017, the adviser had approximately $17.0
billion of assets under management in listed closed-end funds, mutual
funds, private funds and separate accounts. For more information, visit www.tortoiseadvisors.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.

Forward-looking statement

This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical fact, included
herein are "forward-looking statements." Although the Fund and Tortoise
Capital Advisors believe the expectations reflected in these
forward-looking statements are reasonable, they do involve assumptions,
risks and uncertainties, and these expectations may prove to be
incorrect. Actual results could differ materially from those anticipated
in these forward-looking statements as a result of a variety of factors,
including those discussed in the Fund's reports that are filed with the
Securities and Exchange Commission. You should not place undue reliance
on these forward-looking statements, which speak only as of the date of
this press release. Other than as required by law, the Fund and Tortoise
Capital Advisors do not assume a duty to update any forward-looking
statement.

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